Homework Answers
| Manufacturing Variance | Marketing and Administrative Variance | Sales Price Variance | Flexible Budget | Sales Activity Variance | Master Budget | |||||||
| Units | 2250 | 2250 | 2400 | |||||||||
| Sales revenue | $117,000 | 4500 | U | $121,500 | 8100 | U | 129600 | |||||
| Variable manufacturing costs | 30600 | $3600 | F | 34200 | 2280 | F | 36480 | |||||
| Variable marketing and administrative costs | 12000 | 1500 | F | 13500 | 900 | F | 14400 | |||||
| Contribution margin | $74400 | 3600 | F | 1500 | F | 4500 | U | 73800 | 4920 | U | 78720 | |
A. Same units as in income statement column = 2250
b. 121500 -117000 = 4500 U
c. Sales activity variance : 129600 -121500 = 8100 u
d. Price per unit = 121500 /2250 = 54
sales revenue = 54 * 2400 = 129600
f. let's know variable manufacturing cost per unit for master budget
2280 / ]2400-2250] = 15.2
flexible variable manufacturing cost = 2250 *15.2 = 34200
g. variable manufacturing cost = 2400*15.2 = 36480
e. variable manufacturing cost = 34200 - 3600 = 30600
h. variable mktng and adm cost = 117000 - 30600-74400 = 12000
j. Marketing cost per unit = 14400 / 2400 = 6
Flexible budget marketing cost = 2250 * 6 = 13500
i. Marketing and Administrative Variance = 13500 -1200 = 1500F
k. sale activity variance = 14400 -13500 = 900F
l. Same total = 3600 F
m. Same total = 1500 F
n. Same total = 4500 F
o. Contribution = 121500 - 34200 - 13500 = 73800
q. Contribution = 129600 - 36480 - 14400 = 78720
p. 78720 - 73800 = 4920 U
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